Anonymous ID: e699c9 May 16, 2023, 3:04 p.m. No.18857914   🗄️.is 🔗kun

anon's been silenced on tritter again for saying "Homosexuality is an abomination" so thought I'd drop some memorabilia here…

 

Godspeed, Nightshift.

Anonymous ID: e699c9 May 16, 2023, 3:19 p.m. No.18858018   🗄️.is 🔗kun

Heal Thyself

 

Pfizer, Inc. has launched a mammoth $31 billion, eight-part offering of senior unsecured notes to help fund the purchase of biotech firm Seagen, Inc. Today’s sale, the fourth-largest corporate bond sale in history, attracted a cool $85 billion order book for the provisionally single-A-plus-rated obligations, Bloomberg relays, which feature maturity ranges of between two and 40 years.

 

Thanks to that brisk demand, each of the eight tranches projects to price some 20 basis points inside of initial price talk as of this afternoon, with the 40-year maturity set to carry a 165-basis point pickup to Treasurys. For context, the single-A-rated portion of the Bloomberg U.S. Corporate Bond Index sports a 126-basis point option-adjusted spread.